E Ink Holdings reported revenue of NT$2.25 billion ($74.5 million USD) for 3Q 2011 - up 20% from 2Q. The net profit for the first nine months of 2011 was NT$5.25 billion ($173.8 million USD). The company expects the business to continue to improve in the last quarter based on strong e-reader demand.

The company's chairman says that e-readers are recession-proof - because in bad times people spend more time reading. He says that he's still optimistic that e-reader shipments will reach 25-30 million units in 2011.

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